Spiking’s Initial Token Offering is Successfully Completed

| Updated
by Darya Rudz · 3 min read

The Initial Token Offering has been conducted in three phases, with the first phase sold out in 3 hours and the final two phases sold out with more than a week to go.

The Initial Token Offering of Spiking, the world’s first blockchain asset validation and AI driven crypto trading infrastructure, has been completed. After more than $30 million was sold in private sale to prominent institutional funds and crypto-focused companies, the offering has seen great success.

The Initial Token Offering has been conducted in three phases, with the first phase sold out in 3 hours to registered users of the Spiking app. The second and third phases began on December 19.

Dr. Clemen Chiang, CEO of Spiking, commented:

“Spiking sold out the SPIKE tokens in Phase 1 on its website and on Kryptono Exchange’s XPAD platform in three hours. We thank all our supporters for this milestone.”

He added:

“The entire token sale process has been an exciting yet humbling experience. We are especially thankful to the overwhelming support shown by the community toward our vision.”

About Spiking

Spiking is a financial-technology trading app developed to help traders follow sophisticated investors, so-called “whales”, as they buy and sell shares on the stock market. Launched in April 2016, Spiking is backed by such companies as Quest Ventures, CRC Capital, Mars Blockchain, Jove Capital, and Fundamental Labs.

Spiking user base includes more than 170 000 customers able to track stocks of prominent investors in the traditional markets. The company has already expanded in Malaysia, Hong Kong, and the United States of America.

The Spiking Platform is powered by state-of-the-art tools which enable followers to meet whales in a completely transparent environment built on a modern technology stack with fully audited security standards. After a follower mirrors a whale on the Spiking Platform, the system automatically shows all transactions from the whale to the followers through their segregated trading accounts at Spiking.

Spiking ecosystem consists of three elements: Reward System, Spike Token, and Spike Wallet. Reward System is a self-executing profit split model based on smart contracts that are live on the blockchain. Spike Token is ERC20-standard token used to pay for the entry fee, platform fee, commission fee, profit, and enrollment fee. As for the wallet, it allows users to hold fiat currency, SPIKE, BTC or ETH tokens.

Spiking’s Ambitious Plans

The Spiking Initial Token Offering is included in the world’s top 3.3% of ICOs. After such a success, Spiking is planning to release a version of its award-winning app that will track crypto assets. Moreover, the SPIKE Token will be listed on Kryptono Exchange next month.

Dr. Chiang said:

“We have been in active development for many months now, and are proud to say that we are ahead of time in our technical roadmap, so stay tuned for the upcoming release. Spiking will also get listed on popular crypto exchanges to support the token liquidity, which is a critical part of the ecosystem.”

Spiking team is looking forward to next year which will be highly productive and bring exciting product releases and new partnerships.

Altcoin News, Cryptocurrency News, News